The role of the dollar as a reserve currency in the world economy: historical aspects and modernity

Abstract

The article is devoted to the study of the evolution of the US dollar as the leading reserve currency. It examines the historical conditions that shaped its status and analyzes the key factors that ensured the dominance of the dollar in the global economy. Particular attention is given to current challenges and threats, including competition from other currencies and the consequences of geopolitical changes. Based on an analysis of international statistical data and scholarly research, the article assesses the prospects for the dollar’s continued status as the world’s main reserve currency and outlines possible future development scenarios.